First Independent Mena Newspaper
The Libyan Investment Authority (LIA) has achieved the highest growth rate among global sovereign wealth funds in 2025, according to a report by Global SWF. The LIA recorded an impressive 32% year-on-year growth, earning an overall score of 84% in the Governance, Sustainability, and Resilience (GSR) Scoreboard. This performance places the LIA third among Arab […]
The Belgian judiciary wants the Chairman of the Libyan Investment Authority (LIA), Ali Mahmoud arrested on charges of corruption and embezzlement, Libya Observer reports, citing Belgian magazine “De Tijd”. Mahmoud is subject to an international arrest warrant and could be arrested if he leaves Libya and the warrant aimed at investigating lost interest on the […]
17 countries including UN Security Council, EU, African Union, Arab League Sunday in Rome pledged full support to the UN-proposed Libyan Government of National Accord (GNA) and urged Libya political sides to anoint the National Dialogue Agreement on Wednesday as they indicated themselves last week in Tunis. “We fully recognize and support the Libya Political […]
Abdul Magid Breish, once the undisputed leader of the Libyan Investment Authority (LIA), has warned that the country’s $67 billion sovereign wealth fund should continue to be frozen “until we have total stability.” Four chairmen are claiming to be representing LIA for the past two years but Breish stressed that the two rival governments and armed […]
A suit has been filed against Goldman Sachs in London’s high court, by Libya’s sovereign investment fund, for making a profit of $350 million from the creation of $1 billion in derivatives trades that became valueless. With the Libyan Investment Authority, a sovereign fund, seeking losses from the trade, a spokesman for Goldman Sachs said […]
The head of the Libyan Investment Authority (LIA), Mohsen Derregia, who has been sacked by Prime Minister Ali Zeidan but still reluctant to leave office, has said that the decision is costing the country millions. He was replaced under a government policy but the decision is being challenged in court. The defiant Derregia claimed that […]
The Libyan Investment Authority (LIA) on Monday flatly denied it is planning to take over Petroplus Petit Couronne, a French oil refinery which is currently in bankruptcy proceedings. “The LIA has denied the news circulated by some media and on the internet about its intention to buy an old refinery in France,” reported the Libyan […]